Principles of Macroeconomics
26 September 2012
Mr. James Geffert
The Medical Care in the United States Paper written by Team C will identify the background, policy, and impact of paid medical care. The comparison of Great Britain and Canada, the public health care budget is itself a ceiling; unlike the United States. The Medicare Payroll tax on investment income taking effect in 2012 will be expanded to include unearned income. The new healthcare bill is another attempt at making healthcare work for the citizens of the United States. The Senate worked for months over the bill, and came to a conclusion of what the bill will include. The Senate Health Bill will provide coverage for 94% of Americans with medical insurance. The health care bill is planned decrease the federal deficit by $127 billion in ten years, and reduces the deficit by $777 billion in twenty years. In the United States before the 1920’s most people were treated in their home for illnesses. Only a few companies had offered health insurance to employees; most people paid out of their pocket. The doctors did not have enormous amount of information about diseases and their treatments. The advanced technology and knowledge of the diseases became necessary to bring patients into hospitals; caring for them properly. This medical cost of care was high and people could not afford it! The Great Depression made it worse for medical care in America.One of the first health care programs to help people with medical expenses came from Baylor hospitals in Dallas; converted to Blue Cross. The cost of care continued to rise due to medicine, science, and hospitals making advances in their ability to cure the sick. More people were turning to hospitals and doctors for care. The Blue Shield was and insurance covering services only doctors performed. This insurance started growing rapidly in the late 1930’s as a way for doctors to ensure they received compensation for work performed.
The Blue Cross and Blue Shield were having more insurers began entering the healthcare market once they saw the success. During World War II due to the shortage in labor, more employers began to offer health insurance as a benefit. This benefit became standard for employers and the government encourages employer to do so through tax incentives. The tax incentives were operating most all other countries and starting national health care systems. The government pays for and regulates medical care services for its people nationwide.
Currently no wealthy nation fails to provide a comprehensive health care system for its people that are free or inexpensive. The United States have roughly 50 million Americans, 16 percent of the population; no health insurance. The majority of the population that fall into this category is the relatively poor and most range in age from eighteen to thirty-four. The Studies have shown this number has increased dramatically since the 1970’s.
Research by the Kaiser Family Foundation finds “those without health insurance die younger or work less due to chronic health conditions, and face persistent personal financial problems brought on by illnesses;” published by Jeff Madrick in 2012. He also found that a Harvard Medical School study found some 45,000 deaths a year are associated with lack of health insurance. The static medical information found it difficult to live a normal healthy life without disease and illness; without access to proper medical coverage. For many people are forced to use a public hospital for treatment as a final recourse to a health issue usually do so too late. The costs for a neglected injury or a disease are astronomically high. The stats are 17 percent of the Gross Domestic Product for healthcare is being paid by one out of every six American. This number is much higher than any other wealthy nation by far and our health care system is not measurably...